Mumbai, Dec 9 (NationPress) Investments in private equity and venture capital (PE/VC) in India have surged to their highest levels in a decade, with financial sponsors completing 1,761 deals between January and November of this year, according to a report released on Tuesday. This milestone reflects a renewed confidence in the country’s long-term growth potential, surpassing the previous record of 1,726 deals achieved in 2021.

Equirus Capital noted in its report, “India has consistently recorded over 1,000 PE/VC deals every year for the past decade, highlighting the depth and maturity of its investment ecosystem.”

In addition to the increase in deal count, the total value of investments has also seen a significant rise.

The report emphasized that the calendar year 2025 has already recorded $34 billion in PE/VC investments, marking a 54 percent increase compared to the $22 billion invested in 2024.

This upward trend is attributed not only to a higher number of deals but also to an increase in average deal size, which rose from $34.4 million in 2024 to $41.6 million in 2025.

The report further stated that the number of PE/VC investments stood at 1,397 in 2015, and 1,364 in 2016. There was a sharp decline to 1,073 and 1,031 in 2017 and 2018, respectively. However, investments gained momentum in 2019 and 2020, with 1,157 and 1,130 deals, respectively.

“Calendar 2025 has already seen a 50 percent increase in investments made by PE/VC funds in the first 11 months, compared to the entirety of calendar 2024,” stated Bhavesh Shah, Managing Director and Head of Investment Banking at Equirus Capital.

“With large new funds being raised by PE firms following record exits in previous funds, we believe that India has demonstrated its resilience as a market that offers financial investors multiple viable exit strategies once they have scaled up and grown their investee companies,” he added.

Smaller deals continue to dominate the activity, with transactions under $10 million accounting for over 30 percent of total deal volume over the past five years.

Mid-market deals ranging from $10–25 million and $25–50 million have significantly increased their share—from over 20 percent in 2020 to over 40 percent in 2025 thus far, reflecting investor appetite for scalable, early-growth opportunities, as highlighted in the report.

The IT and consumer discretionary sectors remain the top beneficiaries, attracting over 50 percent of total PE/VC investments in 2025, both in value and volume.

“Their dominance underscores India’s digital transformation and the rise in domestic consumption,” the report concluded.